“We disagree with the SEC’s complaint against Kraken, stand firm in our view that we do not list securities and plan to vigorously defend our position,” Kraken said in a statement. “The SEC has repeatedly challenged crypto exchanges to enter and register without a single law supporting their position and without a clear path to registration. And despite opposition from lawmakers, the SEC continues to push forward of legal action against these crypto exchanges. For years, we have advocated for effective regulation of the US market that addresses the unique risks and benefits that crypto provides to all individuals. We believe that Congressional action is the most appropriate path to address the lack of regulatory clarity in the US It is disappointing to see the SEC continue its regulatory path through enforcement, harming American consumers, preventing -ohan and undermines US competitiveness around the world.”
